Orderly Network Price Live Data

As of Dec 26, 2024, today’s global cryptocurrency market cap is ₹290.47T with a - 0.79% change in the last 24 hours. Today's price of Orderly Network is ₹18.12, with a 24-hour trading volume of ₹1.74B. Besides, today’s market cap of Orderly Network ₹3.85B, with a circulating supply of 121.86M, a fully diluted value is  ₹18.09B and a maximum supply of 1B Orderly Network. It has an all-time high of ₹26.76 (-32.42%) recorded on Dec 03, 2024, and its all-time low was ₹8.84 (+104.65%), recorded on Nov 03, 2024. Easily buy and trade ORDER/INR tokens on SunCrypto, India's most secure and user-friendly cryptocurrency exchange, trusted by millions for their crypto trading needs! 

Orderly Network is a decentralized trading infrastructure designed to bridge the gap between centralized exchanges (CEXs) and decentralized finance (DeFi). Built on the NEAR blockchain, it offers a unified solution for decentralized exchanges (DEXs), supporting features like spot trading and perpetual futures. Its unique hybrid orderbook model combines the performance and efficiency of CEXs with the transparency and security of DEXs, aiming to provide a seamless trading experience for users and developers alike.

Who are the  Founders of Orderly Network?

Orderly Network was co-founded by Ran Yi and Terence Ng, both experienced professionals in the blockchain field with prior involvement in WOOFi, a cross-chain decentralized exchange. Their vision for Orderly Network is to create the ultimate permissionless liquidity layer and infrastructure for Web3, empowering trading on any chain, any asset, and any interface.

What is the Price History of Orderly Network?

As of December 26, 2024, $ORDER is trading at approximately $0.2116, with a market capitalization of around $45.03 million and a 24-hour trading volume of $22.49 million. The token reached an all-time high of $0.3139 on December 3, 2024, and an all-time low of $0.1036 on November 3, 2024. The circulating supply is 212.86 million $ORDER, representing 21.29% of the total supply.

What is the Tokenomics of Orderly Network?

The native utility token of Orderly Network is $ORDER, designed to decentralize the protocol, drive network growth, incentivize user engagement, and maintain the platform’s economic stability. The total supply of $ORDER is capped at 1 billion tokens. The distribution strategy includes allocations for community rewards, development, liquidity provision, and ecosystem growth, aligning the interests of all stakeholders and fostering a robust and sustainable ecosystem.

What are the major Applications of Orderly Network?

1. Decentralized Exchanges (DEXs): Orderly Network provides the underlying infrastructure for DEXs, enabling them to offer efficient and secure trading experiences comparable to centralized exchanges.

2. Liquidity Provision: By centralizing liquidity into a single order book, Orderly Network enhances trading efficiency and reduces slippage for traders across various platforms.

3. Developer Integration: Developers can leverage Orderly Network’s robust SDK to build custom trading platforms, applications, and interfaces, benefiting from its high-performance infrastructure.

What are the Use Cases of Orderly Network?

1. Trading Platforms: Developers can create their own decentralized trading platforms, utilizing Orderly Network’s infrastructure to offer spot and perpetual futures trading with deep liquidity.

2. Aggregators: Orderly Network can be integrated into trading aggregators, providing users with access to a unified liquidity pool and efficient order matching across multiple blockchains.

3. Wallets & Custodians: Wallet providers and custodians can incorporate Orderly Network’s trading capabilities, enabling users to trade directly from their wallets with minimal latency and enhanced security.

4. High-Frequency Trading (HFT) and Trading Bots: The low-latency infrastructure of Orderly Network supports high-frequency trading strategies and the deployment of trading bots, facilitating efficient market participation.

5. Gaming and dApps: Game developers and decentralized applications can integrate Orderly Network to enable in-game economies and token trading, enhancing user engagement and monetization strategies.

What are the Blockchain Infrastructure for Orderly Network?

Orderly Network is built on the NEAR blockchain, known for its high throughput and low transaction costs. It utilizes a hybrid orderbook model, where liquidity is centralized, but settlements occur on-chain, combining the benefits of centralized and decentralized systems. The platform is designed to be omnichain, facilitating trading across multiple blockchains, including Arbitrum, Optimism, Polygon, Base, Mantle, and NEAR, through a shared order book powered by Orderly Chain and LayerZero.

What are the Challenges of Orderly Network?

1. Market Competition: The DeFi space is highly competitive, with numerous platforms offering similar services. Orderly Network must continuously innovate to maintain and grow its user base.

2. Regulatory Environment: As with all cryptocurrency platforms, Orderly Network operates within an evolving regulatory landscape, which may impact its operations and adoption.

3. Security Risks: Ensuring the security of user funds and data is paramount. Orderly Network must maintain robust security measures to protect against potential threats and vulnerabilities.

4. User Adoption: Achieving widespread adoption requires building trust and demonstrating the platform’s advantages over existing solutions, both centralized and decentralized.

And finally…

Orderly Network represents a significant advancement in decentralized trading infrastructure, offering a blend of the best features from both centralized and decentralized systems. With its robust tokenomics, developer-friendly environment, and commitment to providing a seamless trading experience, it is well-positioned to play a pivotal role in the future of DeFi. However, it must navigate challenges related to competition, regulation, security, and user adoption to achieve sustained success.

To learn more about cryptocurrencies like Orderly Network (ORDER), visit SunCrypto Coin Analysis.